The rise of Decentralised Identity (DCI) in KYC processes
The rise of decentralised identity verification is reshaping Know Your Customer (KYC) processes, offering enhanced security, efficiency, scalability, and user control. Traditional centralised KYC methods are often prone to inefficiencies and security vulnerabilities. Digital identity management aims to overcome these challenges by leveraging blockchain solutions in KYC that can allow for faster onboarding, improved privacy, and smooth cross-border transactions.
